Oeneo's resilience despite a 1.7% drop in turnover

Oeneo is showing resilience in the face of a difficult context in 2024, with sales of €221.8 million for the first nine months of the financial year, down 1.7% compared to the previous year. The Closures sector, although slowed in the third quarter, recorded growth of 6.3% over nine months thanks to the success of Diam closures. Sales are increasing in South America, offsetting a slowdown in the United States. On the other hand, the Livestock division is suffering from weak demand due to a drop in wine investments and historically low harvests, leading to a 16.5% decline in activity.

Q4 activity is expected to follow this trend, although customer caution limits visibility. Oeneo remains focused on optimizing its operational profitability to mitigate the impact of the unfavorable context.